In October of 2016, I got a call from one of my best friends. He’s a guy who has done 20 years in jail and is covered in tattoos. He told me I should invest $100,000 into this thing called “Bitcoin”.
My immediate response was, “What the f*ck is a Bitcoin?”
He responded, “It’s internet money.”
“Internet money? What do you mean it’s internet money?”
“No it’s great – there’s a blockchain” he explained.
“How much is it?” I asked.
“It’s only $700.”
I thought about it for probably half a second and told him, “Listen my man, I love you to death, you’re my brother. If I want to rob a bank, you’ll be the first call. But investment advice? I don’t know man”.
I changed the subject and we never spoke about it again.
Unfortunately for me, it was a missed opportunity, because I was closed-minded. Hindsight is always 20/20.
If I had put $100,000 into Bitcoin when it was only $700, that investment as of today would be worth over $6,750,000.
Learn from my mistake, don’t operate with a closed mind. Be open to new opportunities, educate yourself on them, and then make informed decisions. You can read more about the importance of learning from mistakes here.